Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) major shareholder International Pte Ltd Bbrc sold 289,479 shares of the firm's stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $88.89, for a total value of $25,731,788.31. Following the transaction, the insider directly owned 8,609,551 shares of the company's stock, valued at $765,302,988.39. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
International Pte Ltd Bbrc also recently made the following trade(s):
- On Friday, June 26th, International Pte Ltd Bbrc sold 276,171 shares of Victoria's Secret & Co. stock. The shares were sold at an average price of $88.50, for a total value of $24,441,133.50.
- On Thursday, June 4th, International Pte Ltd Bbrc sold 27,758 shares of Victoria's Secret & Co. stock. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74.
- On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria's Secret & Co. stock. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92.
Victoria's Secret & Co. Trading Up 4.4%
Shares of VSXY stock opened at $89.04 on Wednesday. The firm has a 50-day moving average price of $75.26 and a 200 day moving average price of $61.23. Victoria's Secret & Co. has a twelve month low of $18.04 and a twelve month high of $90.68. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 0.67 and a beta of 2.07. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.31. Victoria's Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm earned $0.09 EPS. Research analysts forecast that Victoria's Secret & Co. will post 4.65 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Victoria's Secret & Co.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Victoria's Secret & Co. by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company's stock valued at $95,365,000 after acquiring an additional 47,462 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Victoria's Secret & Co. in the 4th quarter valued at $7,790,000. Landscape Capital Management L.L.C. increased its holdings in Victoria's Secret & Co. by 47.5% in the 4th quarter. Landscape Capital Management L.L.C. now owns 177,423 shares of the company's stock valued at $9,611,000 after purchasing an additional 57,133 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Victoria's Secret & Co. in the 1st quarter valued at $940,000. Finally, Sequoia Financial Advisors LLC raised its position in Victoria's Secret & Co. by 212.4% in the first quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company's stock valued at $869,000 after purchasing an additional 12,750 shares during the period. Institutional investors and hedge funds own 90.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on VSXY shares. Morgan Stanley restated an "overweight" rating and set a $99.00 target price on shares of Victoria's Secret & Co. in a research report on Monday, July 6th. Jefferies Financial Group downgraded Victoria's Secret & Co. from a "buy" rating to a "hold" rating and boosted their price target for the company from $65.00 to $73.00 in a report on Wednesday, June 3rd. TD Cowen increased their price target on Victoria's Secret & Co. from $50.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, June 4th. Weiss Ratings upgraded Victoria's Secret & Co. from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, June 24th. Finally, Barclays lifted their price objective on Victoria's Secret & Co. from $67.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $88.70.
Check Out Our Latest Report on Victoria's Secret & Co.
Victoria's Secret & Co. Company Profile
(
Get Free Report)
Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.
The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.
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